Traditional Sweet and Tobacco Shop in Hertfordshire

Harpenden, Hertfordshire
REF: R07749

Asking Price:
£60,000
Annual Turnover:
£219,000
Annual Net Profit:
TBC
Reduced
REF: R07749
Photo of Traditional Sweet and Tobacco Shop in Hertfordshire
Photo of Traditional Sweet and Tobacco Shop in Hertfordshire
Photo of Traditional Sweet and Tobacco Shop in Hertfordshire
Photo of Traditional Sweet and Tobacco Shop in Hertfordshire

Overview

Tenure:
Leasehold
Established:
1918
  • Excellent Reputation
  • Very Loyal Customer Base
  • Well Equipped Business
  • Strong Supplier Relationships

A tantalising opportunity has emerged to purchase a traditional market-style shop based in Hertfordshire.

Originally established in 1918, the store has been offering a premium product range which includes sweets, tobacco, pipes, and lighters. Over the course of more than 100 years, the business has grown to become truly beloved amongst the local community, as demonstrated in its fantastic range of online reviews. It currently operates on a 6-day week throughout the entire year and benefits from delightful premises which reflect the business’s age and history.

After many successful years under current ownership, the business is only for sale due to the owners’ retirement and now requires a new owner to continue the shop’s outstanding legacy. The turnover advertised is an average of 3 years.

Situated on the high street of the affluent commuter town of Harpenden in Hertfordshire, the business profits from a strong mix of regular and passing trade. The shop’s exterior perfectly reflects the historical charm of the brand, welcoming customers into a well-stocked retail space. Rows of dark wooden shelves display all products, whilst a charming collection of antique photographs and ornaments decorate the store’s interior to transform visitors to a time gone by. The business benefits from having a lovely and sympathetic landlady, who is happy to renew the lease with a prospective buyer upon expiry in 2024 or happy to grant a new lease for 12 years.

The sale price includes a valuable inventory of high-end fixtures and fittings to ensure a strong start to the buyer’s ownership. Furthermore, the owners are happy to work alongside the buyer/s for an agreed length of transition time, in order to foster a smooth handover of business operations.

The business would benefit from being purchased by an owner operator and someone who already knows the shop and its customer base. It would make an excellent acquisition for a buyer who is seeking a well-established business that benefits from already possessing a superb reputation amongst the local community.

Despite more than a century of success, the new owner will still be able to grow the business further through implementing numerous measures. Firstly, the buyer could advertise to generate greater awareness of the shop within the surrounding area, and selling online. Secondly the store would likely benefit from extending its product range to become more agile in responding to consumers’ needs. Thirdly, the introduction of a loyalty discount would encourage repeat revenue and additional purchases from new and existing clientele. Fourthly, the business could highly benefit from extending its opening hours to provide more flexibility for customers.

Location

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  • High Street Location
  • Close to Local Businesses
  • High Footfall
  • Nearby Car Parking
  • Limited Competition

Property

Annual Rent
£25,000
Annual Rates
TBC
Lease Term (Years)
4
Lease Expiry (Years)
TBC
Accommodation Included
No
EPC Rating
TBC

Financial & More

Annual Turnover
XXXX
Annual Net Profit
XXXX
Stock at Valuation
XXXX
Company Accounts
XXXX
Trading Entity
XXXX
Management Structure
XXXX
Number of Employees
XXXX
Current Ownership
XXXX

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